USDJPY Movement
For the 24 hours to 23:00 GMT, USD weakened 0.15% against the JPY and closed at 79.40.
In Japan, the leading index declined to a reading of 93.2 in June, compared to the previous month’s reading of 95.2. Meanwhile, the coincident index declined to a reading of 94.1 in June, from 95.8 in May.
In the Asian session, at GMT0300, the pair is trading at 79.33, with the USD trading 0.09% lower from yesterday’s close.
The pair is expected to find support at 79.22, and a fall through could take it to the next support level of 79.12. The pair is expected to find its first resistance at 79.53, and a rise through could take it to the next resistance level of 79.74.
Trading trends in the pair today are expected to be determined by the release of all industry activity index data.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
